Poultry prices up ahead of Ramadan

The cost of a main staple food item such as poultry showed a mighty leap of nearly 30 per cent from June, Ahmed Mahmoud, a Government employee, said, accusing the traders of directly fuelling the price rises ahead of Ramadan.

"Night and day, each family sadly discusses rising food prices," Mahmoud said, adding that the price jump in commodities is making a deeper impact on Egyptian households, which spend more than half of their monthly budget on food alone.

"Since January 25, the people are seeing a new wave of wild price increases such that most of the people can not afford to eat, " he said, adding that the high price of food, not shortages, is the problem facing all householders.

Mahmoud said that he did not know how to cope with the price hikes.

He told The Egyptian Gazette that meeting the basic needs of the poor must be a Government priority.

In response to increasing food prices, the Government has pledged to broaden its control over the market and arrest greedy traders.

Like wise, Mohamed Fakhry, another consumer, said he was afraid that food prices would continue to increase during the coming weeks.

Fakhry said the escalation of food prices will force consumers to stop buying other goods.

High food prices will mean lower purchasing power. As incomes stay the same, consumers are likely to reduce their overall spending, buy basic food items only and reduce spending on non-food item, Fakhry said.

The increase in white meat prices has accelerated before Ramadan, where the cost of one kilo of chicken showed a mighty leap of LE20.

Market analysts say the price increases are due to the heat wave, which gripped the nation during the past week and killed hundreds of thousands of chickens, and inflation rates that remained high.

They blamed the heat wave and high inflation rates for causing more hardship for the people and snatching meat out of the mouths of the poor.